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  1. #1
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    Trade with support and resistance level

    It is widely consider as the best techniques to work and our all the technical analysis should be based on it so if we understand it well we use it well there are different source to check the these level in short term and in long term time frame we have such point to be followed , there are following point which we consider while planing perfect trade :

    1. Our primary purpose to check market direction .
    2. Plan for entry with time and with risk .
    3. Expected exit and whole decision making should be cleared and followed successfully .
    4. After trade complete managed your fund successfully .

    A trader if clear about above factor in this way we have clear market mindset for trade .Chart look like below
    Attachment 24198

    Clearly we see market upward level and downward level in daily time frames , support is a price where further buying is not possible and most chances that price will reverse and in other case there is no more selling because already there are so many selling order .

    Note; in this concept there is not permanent for opportunity because after some time our level break and we have different support and resistance level for next level and for trader breakout is also one of the best opportunity for trader to work .
    I prefer to use higher time frame most of time but we never neglect the use of lower time frame focused on breakout is also one of the best option for trading .

    Attachment 24199

    Use your best decision making to make positive and risk effective trade

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    Quote Originally Posted by letsdo View Post
    I am agree with you these both points are so strong and risky to trade in the market we must have need to make proper analysis to stay away from any big loss. Because, most of time market respect support and resistance lines and comes up or down. But, due to some big fundamental news sometime support and resistance lines are break and market become so volatile. If in this situation we do trade without proper stop loss we can face a big loss.
    It is widely used as an analyzing purposes so if trader learn market and spend maximum time so in this way we successfully used good ideas of trading and help trader to make good an perfect trade plan , it is the basic trading ideas we develop most of strategy simply with it and help trader for use and to make good trade plan with them .

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  3. #12
    Registered user juniorpeters's Avatar
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    trading with support and resistance has made trading the market very easy for me in this business,before i got introduced into a new strategy i was trading support and resistance and i was profitable but the signals weren't coming always so i went ahead to look for a strategy that could give me returns every time.that was how i ruined everything i knew about trading support and resistance,its a very profitable strategy if a trader really learn how to trade with them.

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  4. #13
    Registered user Lyon's Avatar
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    We can see that the market moves with the use of price reaction, therefore the support and resistance always has a way of making the market move and then with the greater knowledge on how to handle it, a trader gets to know much about the market's price prediction, you know one thing most of us are in for the market is making good predictions.

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    Quote Originally Posted by Lyon View Post
    We can see that the market moves with the use of price reaction, therefore the support and resistance always has a way of making the market move and then with the greater knowledge on how to handle it, a trader gets to know much about the market's price prediction, you know one thing most of us are in for the market is making good predictions.
    This is good way to predict about market price direction we can build a good trading system we have to be master of trading with these trading ideas more accurate results in trading comes only if we will do make a better trade plan learning good for better trade ideas we will able to perform good trading with it .

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  6. #15
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    We have always know how important the support and resistance have always be when it comes to this market. This is a zone where the ability to make good money is possible and one can earn good in this business if they work to follow this support and resistance level very well. This point good trading entries and exit is maintained and give us lots of confidence on our trading. Market have the possibilities to reduce momentum when reaching this level to prepare for reversal or otherwise breaks this level for a continual trend.

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  7. #16
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    Tonycee, no doubt from many points it can change to move back from resistant and support but market also break the support and resistant especially in short time frame, in other side we people do not understand time frame importance, with short time frame support and resistant we can earn something low but with higher time frames support and resistant we can earn big

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    Registered user Sixteen's Avatar
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    These levels are always a turning points for forex traders because a lot of trading decisions are is usually made when it comes to this support and resistance level. This could aid in making proper entry and exit plans and give traders a high quality chance to make profits from this market. If we can take learning very seriously and work to make a good trade, am sure we can very much get to win in forex and would likely make profits from this market all the time.

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  9. #18
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    This trend line support and resistance patterns is something important that no trader should think about ignoring, it is important as you will have to make good analysis in the market before you could make money, if you ain't having the knowledge how it could be used, if you ain't being disciplined enough also with following the one on the bigger time frame, you could seriously loss .

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  10. #19
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    Support and resistance is a good solid technical trading which is very effective, it's one of the best strategy to trade with, cause if we understand how to use this strategy enough it will give us a good trading experience as we'll be making good money from the market, support and resistance is good therefore trading with this strategy won't be bad at all.

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  11. #20
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    Quote Originally Posted by naeem555 View Post
    Tonycee, no doubt from many points it can change to move back from resistant and support but market also break the support and resistant especially in short time frame, in other side we people do not understand time frame importance, with short time frame support and resistant we can earn something low but with higher time frames support and resistant we can earn big
    The important thing is that we know about it, we know about how to make use of it in trading and then making trading decisions in the market. It is when we don't know about it that we get to fail and loss our money. Knowing the support and resistance market, assist so much on trading with good clue and then good trading stoploss setting.

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